Hot on the heels of clocking up a ton of advisers last week, Ascentric has hit £100m of funds on its wrap platform.
Ascentric launched its wrap to the whole IFA market in January, and now offers 1,682 funds from 92 fund managers
Managing director Hugo Thorman says the wrap proposition has made “fantastic progress”, about 50% ahead of its business plan.
“The Ascentric Wrap proposition is especially appealing to high net worth adviser firms with high net worth clients,” he says.
“They are both attracted by the low and transparent charges and the open architecture for both funds and products."
The Ascentric platform offers whole of market access to products and tax wrappers including PEP, ISA, SIPP, SSAS and offshore bonds.
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